Could it be that rail is warning of an economic pivot point? Reflecting on the July 2012 rail data which we report on weekly – the trends within the data have changed. Is it just one month of data? A quote buried in the Association of American Railroads July report caught my eye....MORE
…. for carloads of other more economically sensitive commodities, we get a mixed message in July. While some commodities (e.g., lumber and wood products, autos and auto parts) still saw strong growth in July, others either grew more slowly or actually fell. It remains to be seen if July was just a blip on the road to more rapid growth or a sign that something more serious might be going on....
Monday, August 6, 2012
"July 2012 Rail Movements: Economic Winds Changing?"
From Global Economic Intersection: